The invention relates to a surge protector with long service lifetime and high protection. The surge protector comprises a current output outer cylinder, wherein a zinc oxide piezoresistor substrate is arranged at an internal bottom part of the current output outer cylinder, a pressure bearing ring, a polarity cross cap and a T-shaped isolation sleeve are sequentially arranged on the piezoresistor substrate, an induction coil is wound around the pressure bearing ring in a matching way, a current transmission end of an induction coil is connected with a passive current comparison module by two groups of wiring caps, and the piezoresistor substrate, the polarity cross cap and the induction coil are pressed in the current output outer cylinder by a hole elastic baffle ring to form a whole current discharge passage. The surge protector has the advantages of reasonable structure, reliable working performance, good protection effect, long service lifetime and the like, and is convenient to operate, and the development trend for effect improvement of a current surge protector and the increasingly market demand can be satisfied very well.